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Executive is moving to more senior role
India is on track for a record year of IPOs. Global tech giants continue to plough capital into a fast-growing consumer economy that is investing heavily in ensuring it’s a major player — along with the US and China — in an AI-first world
◆ Deal finds demand despite arrest of South Korea's president ◆ High single digit concession left for investors ◆ Leads added spread to calm concerns
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  • Chinese regional lender Bank of Gansu Co has covered the books for its Hong Kong IPO, which could raise HK$6.1bn ($783.9m) at the top of guidance, according to a banker on the deal.
  • A $350m-equivalent yen denominated borrowing for Indian power financier National Thermal Power Corp (NTPC) has entered primary syndication, testing the market’s appetite for a 10 year maturity.
  • Chinese logistics services provider SF Holding Co and upstream oil and gas firm Geo-Jade Petroleum Corp are planning to sell dollar bonds this year.
  • The Securities and Exchange Board of India (Sebi) will allow listed companies to sell shares through qualified institutional placements as a way to meet free float requirements.
  • ANZ has appointed a new head of markets for India, naming Mumbai-based Rohit Bhasin to the position.
  • South Korean shipbuilder Hyundai Heavy Industries is planning to list its refining arm Hyundai Oilbank this year, according to an ECM banker involved in the discussions.
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